When will inflation peak? Consumers and economists see light at the end of the tunnel (it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic...
Inflation is ‘just too high and doesn’t seem to be coming down’: Fed’s Waller backs big interest-rate hikes
Federal Reserve Gov. Christopher Waller on Thursday said he backs big increases in a key U.S. interest rate over the next several months to drive...
Larry Summers Nailed Inflation. But Is He Right on What Comes Next?
In February 2021, Larry Summers was right and I was wrong. The former Treasury secretary warned that President Biden’s stimulus package was far too large...
Opinion: Jerome Powell is the worst Federal Reserve policy maker in my lifetime
In the history of the Federal Reserve, the most revered chairmen are William McChesney Martin, Paul Volcker and Alan Greenspan. All gained their reputation by...
The Fed Gives Banks a Clean Bill of Health. The Stock Market Hasn’t.
The biggest commercial banks survived in the Federal Reserve’s nightmare hypothetical scenario of an economic collapse. A real-world test is coming. To be sure, if...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with...
MicroStrategy shares slump as bitcoin margin call looms
MicroStrategy has vowed never to sell any of the approximately 130,000 bitcoin it has in its possession. The question after the weekend’s slide in cryptocurrency...
Rising Rates Are Battering Mortgage Lenders
Mortgage lenders are scrambling to survive a sharp drop-off in the number of homeowners refinancing their loans, with demand drying up as interest rates rise....
More Subprime Borrowers Are Missing Loan Payments
Consumers with low credit scores are falling behind on payments for car loans, personal loans and credit cards, a sign that the healthiest consumer lending...
A ‘summer of pain’ for stocks? Nasdaq Composite could plunge 75% from peak, and S&P 500 skid 45% from top, warns Guggenheim’s Scott Minerd
The carnage playing out in the U.S. stock market is likely an amuse-bouche compared with the devastation on the menu for the bulls in the...